According to reports from U.S. media, including statements from President Donald Trump relayed by the Wall Street Journal, Kevin Warsh - a former member of the Federal Reserve Board - has emerged as the strongest candidate to succeed Jerome Powell when his term ends in May 2026.

Trump directly endorsed Warsh, stating: "Yes, I think he’s at the top of the list", praising his support for lowering interest rates, a key priority for the current administration. The president referred to both Warsh and National Economic Council Director Kevin Hassett as the "Kevin duo," adding that there are "other names" under consideration.

White House Meeting Boosts Nomination

According to reports, Trump’s statement came after a 45-minute meeting with Warsh at the White House, where they discussed upcoming monetary policy directions.
The president emphasized that he expects the next Fed Chair to consult with him on interest rate decisions, adding: "I’m a smart voice and should be listened to."

Warsh: Experience in the Fed and Wall Street

Warsh served on the Federal Reserve Board from 2006 to 2011 and has previous executive experience at Morgan Stanley. U.S. reports indicate that Jamie Dimon, CEO of JPMorgan, supports his appointment.

Markets React Quickly

Political betting markets reacted swiftly, with Warsh's chances on platforms like Kalshi rising to about 36–40%, nearing those of his main competitor Kevin Hassett.

Imminent Decision… Pressure to Cut Rates

The U.S. president has not yet made an official nomination, but informed sources indicated that a decision is close, coinciding with calls from the White House for more aggressive rate cuts following the Fed’s recent reduction of interest rates by 25 basis points at its last meeting.